Creditors of bankrupt Swiber Holdings were left disappointed again after another of its assets failed to sell at auction.
The few interested parties that submitted bids for the 11,600-gt, non-propelled pipe-laying crane and accommodation barge Swiber Concorde (built 2008) failed to meet the minimum reserve set by the Singapore High Court last week.
The Sheriff of Singapore’s office tells TradeWinds that less than a handful of sealed bids were received at the first auction of the arrested vessel.
